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Warnings of economic chaos from blue-chip companies and football club chairmen
seem to be swaying Swiss voters against a proposal to limit top pay to 12
times the wage of a firm’s lowest earner in a referendum tomorrow.

Pressure to leave pay packets alone has come from the commodity and mining
giant Glencore Xstrata, drugs group Roche and leading soccer team
Grasshopper Club Zurich.

As Switzerland goes to the polls to decide on the so-called 1:12 Initiative
under its system of direct democracy, the world’s best-paid pressure group
is joined today by Paul Bulcke, chief executive officer of Nestlé and